November 23, 2017

Making extra income from part-time sources

Making extra income from part-time sources.. NAIJA INVEST

With over 52 per cent of the adult population earning below the national minimum wage of N18,000, there is the need for those in the lower wage bracket to take up additional employment or earn extra income from other sources to sustain themselves, ADEMOLA ALAWIYE writes

A survey by a development organisation, Enhancing Financial Innovation and Access, estimates that amongst the adult population in Nigeria, 52 per cent earn below the national minimum wage of N18,000.

Its breakdown of the total shows four million adults earning above N70,000 ($440) per month, 38 million earning between N18,000 and N70,000, and the balance of 52 per cent earning below the national minimum wage of N18,000.

With this survey, there’s the need for people earning below the minimum wage to earn extra income to keep their family’s head above water during difficult economic times. Whatever the reason for your need, there are many creative ways to earn extra money, many of which will provide you with instant cash.

Also, if you want to get out of debt or simply improve your quality of life or you may be looking for a way to supplement your income for a short term or for an option that may eventually grow enough to allow you to quit your job and focus solely on a new business or freelancing.

However, as you consider the different options for creating additional income, you should consider the amount of time you are willing to commit, the risks you are willing to take and the skills that will allow you to make more money.

Making extra income from part-time sources.. NAIJA INVEST

Making extra income from part-time sources.. NAIJA INVEST

According to experts, the following steps can be followed to earn additional income:

Make additional income as a freelancer

Another option to finding additional income is to work as a freelancer. There are many types of freelance jobs. You can work in graphic design, in video production, as a consultant or as a writer. Look at the skills that you currently have and then consider how you can offer those skills as a service to small businesses or families. Then begin marketing yourself and making contacts. Overtime you may be able to build enough contacts to make this a full time option for you.

CLICK SOURCE FOR MORE…

IMAGE: www.bfclb.org

Comments are closed.